Jet Airways Founder to Take Step for Etihad Deal

MUMBAI—Indian billionaire Naresh Goyal will initiate a complex transaction in the coming days to sell about 24% in India's leading carrier Jet Airways (India) Ltd. to United Arab Emirates' Etihad Airways, a person involved in the negotiations said.

A deal to get the cash-rich Etihad on board would help Jet Airways expand operations and retire...